Some great news for anyone thinking about starting their own business now: the number of insolvencies in the first quarter of 2013 have fallen to their lowest level since 2005 according to a study by PriceWaterhouseCoopers.

There were 3,285 insolvencies in the first three months of this year, a big drop from the same period in 2012 when they were at 4,412 and Company Voluntary Arrangements (CVAs) are now at their lowest level for ten years.

For more information about these figures and what they mean for the UK recovery effort follow the link below.